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Business Intelligence in Retail Banking (Technology Focus)

  • Publication Date:December 2007
  • Publisher:Datamonitor
  • Product Type: Report
  • Pages:13

Business Intelligence in Retail Banking (Technology Focus)

Introduction

Growth of data volumes in disparate sources, ongoing regulatory changes and growing technology capabilities are driving financial services organizations to increase investment in business intelligence technologies. Banks must align intelligent technology with data management techniques in order to improve their decision-making processes.

Scope

  • Covers the European, North American, Asia-Pacific and Middle East business intelligence in retail banking segment
  • Areas covered include the competitive and regulatory environment, as well as the need for stronger management

Highlights

Regardless of the route banking executives decide to choose, if the data foundations of the financial services institution are not reliable enough, either the best-of-breed or best-of-suite strategy may lead to equally unsuccessful results.

The main benefits business intelligence systems bring to any bank are their abilities to provide a deep understanding of past and current operations, and forecast future events.

Technology providers need to completely understand the bank's information flows in order to provide the right information, to the right person, at the right time, and in the right context.

Reasons to Purchase

  • Gain visibility into the dynamics of the retail banking business intelligence market
  • Gain market insight to assist in your strategic planning and go-to-market strategy
  • Datamonitor View
  • Catalyst
  • Summary
  • Analysis
    • The Sourcing Strategy Must Be Aligned With Needs And Resources
    • Best-of-Breed
    • Best-of-Suite
    • It Is A Necessity To Start Bi Projects With A Proper Data Foundation
    • Banks Must Develop A Comprehensive End-To-End Bi Platform
    • Bi Tools Are Spreading Out Among Various Banking Applications
    • End-To-End Business Intelligence Platform Becomes A Necessity
    • Banks Require A Consistent And Standardized Approach To Developing An Integrated And Fully Automated Bi Platform
    • Required Architecture For Automated Delivery
    • End-To-End Integration
    • Conclusion For Vendors And Banks
  • Appendix
    • Definitions
    • Methodology
    • Further Reading
    • Ask The Analyst
    • Datamonitor Consulting
    • Disclaimer
  • List of Figures
    • Figure 1: Best-of-Breed Versus Best-of-Suite Strategies And Associated Risks And Rewards.
    • Figure 2: Business Intelligence Platform In Retail Banking
    • Figure 3: Example of A Reporting Tool - Operational Dashboard Delivered By Cognos (Ibm)
    • Figure 4: Gathering, Analysing And Utilising Data Should Be An Automatic And Continuous Exercise
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